New Jersey Together Inc

Analysis

New Jersey Together Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Jersey Together Inc reported income of $505k and spending of $576k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $505k (+105%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Jersey Together Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Lovextension Inc ($505k), Backyard Orphans ($505k) and My Sisters Place ($505k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $119k (21% of expenses). Other salaries and wages came to $214k. At year end it held assets of $109k against liabilities of $66k, net assets of $43k. It reported 6 employees.